Mar. 2issued 5000 shares of 1 par value common stock to, Ask an Expert

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Garza Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.

June 12 Issued 60,000 shares of $1 par value common stock for cash of $375,000.

July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share

Nov. 28 Purchased 2,000 shares of treasury stock for $80,000.

Journalize the transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408276

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